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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (13,759,298) $ (16,480,817)
Adjustment to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,803,014 2,343,859
Interest accrued on note receivable (27,219) (82,895)
Change in fair value of note receivable 560,473 114,870
Write-off of construction-in-process 747,348
Depreciation and amortization 421,794 371,814
Changes in operating assets and liabilities:    
Research and development tax incentive receivable 125,899 (211,785)
Prepaid assets and other current assets 1,100,238 1,416,302
Accounts payable 608,039 66,910
Accrued liabilities 702,898 (4,430)
Deferred revenue 149,698 (50,000)
Operating lease obligation (62,851) (55,764)
Net cash used in operating activities (8,377,315) (11,824,588)
Cash flows from investing activities:    
Purchases of property and equipment (48,359)
Net cash used in investing activities (48,359)
Cash flows from financing activities:    
Sale of common stock in public offering, net of offering costs 5,064,722
Sales of common stock through ATM 526,867 25,272
Payment of offering costs in connection with ATM (84,464) (77,149)
Payment of deferred offering costs (20,000)
Proceeds from issuance of common stock for pre-funded warrant exercises 19
Sales of common stock and warrants through offerings, net of offering costs 5,102,519
Net cash provided by (used in) financing activities 5,524,941 5,012,845
Effect of exchange rate changes on cash and cash equivalents (19,237) (26,458)
Net change in cash and cash equivalents (2,871,611) (6,886,560)
Cash and cash equivalents at beginning of period 5,478,113 16,612,315
Cash and cash equivalents at end of period 2,606,502 9,725,755
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest 23,914
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of note receivable into common stock of Augmenta 1,776,746
Exchange of Augmenta common stock for common stock of Vaxanix 1,776,746
Deferred offering costs included in accounts payable $ 75,322